by Dan Mitchell | Aug 20, 2024 | Blogs, Economics, Taxation
As part of her tax-and-spend agenda, Kamala Harris says she wants to increase the federal corporate tax rate from 21 percent to 28 percent. While it doesn’t seem possible, there is a tiny sliver of good news in her proposal. I’m happy that she isn’t proposing to...
by Dan Mitchell | Aug 18, 2024 | Blogs, Economics, Taxation
When I list the principles that should guide tax policy, that almost always means these three goals. Low tax rates on work. No double taxation. No distorting loopholes. And I usually then point out that achieving these goals will get you to (or at least...
by Dan Mitchell | Aug 8, 2024 | Blogs, States, Taxation
Writing about Mitt Romney’s selection of Paul Ryan in 2012, I opined that, “…it probably means nothing. I don’t think there’s been an election in my lifetime that was impacted by the second person on a presidential ticket.” I feel the same way about Tim Walz, who is...
by Dan Mitchell | Aug 7, 2024 | Blogs, Taxation
As I wrote in both 2020 and earlier this year, Kamala Harris is worse than Joe Biden on economic issues. Heck, based on an analysis of spending proposals in the 2020 race, she’s even worse than Bernie Sanders. What worries me most is that...
by Dan Mitchell | Aug 6, 2024 | Big Government, Blogs, Taxation, Welfare and Entitlements
During his time in the White House, Donald Trump pursued very good tax policy and very bad spending policy. So if he wins a second term, one would hope he maintains his approach on taxes and changes his approach on spending. Unfortunately, he is doing...
